Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.018%

Price spread now: Bitget against Lighter RH−0.145%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.303%−$30 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.145%, 7d avg −0.113%

Together, before fees−0.251%+ Points / potential airdropLighter RH: Points live · farm board−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.033% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.113%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH LIT	4.7549	0.0184	pay 0.0023% / 1h	26m 43s	$3.7M	$13.9M	5x
Short	Bitget LITUSDT	4.7480	0.0100	get 0.0050% / 4h	26m 43s	$6.7M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter RH. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee BitgetbpOrdersPrice spread, now −0.145%Rate

Funding earned: −$17.64
Price spread: −0.145% → −0.113%: −$3.26
Slippage, 4 orders: −$43.59
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$76.49
Costs to cover: 0.556%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter RH live order book, 2 min ago	1.79 bp	1.8 bp −$2	12.8 bp −$128	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.11 bp	25.2 bp −$25	82.8 bp −$828	doesn't fit	doesn't fit

LIT on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate LIT_USDT	−0.0852%	4h	4.7470	−0.166%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0580%	4h	4.7442	−0.225%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.7428	−0.254%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0486%	1h	4.7505	−0.092%	$42K	$40K	10x	as long as short
OKX LIT-USDT-SWAP	−0.0405%	4h	4.7455	−0.198%	$25.8M	$63.9M	50x	as long as short
Phemex LITUSDT	−0.0349%	4h	4.7480	−0.145%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0329%	1h	4.7490	−0.124%	$85K	$80K	20x	as long as short
KuCoin LITUSDTM	−0.0202%	4h	4.7455	−0.198%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.125%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0108%	4h	4.7364	−0.390%	$900K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7369	−0.379%	$206K	$353K	5x	as long as short
Bybit LITUSDT	−0.0025%	4h	4.7450	−0.208%	$42.8M	$30.0M	75x	as long as short
Perpl LIT	0.0000%	43m	4.7476	−0.154%	$31K	$840K	33x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.7494	−0.116%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7521	−0.058%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7472	−0.163%	$817K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0024%	8h	4.7430	−0.250%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.033%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0086%	4h	4.7392	−0.330%	$288K	$312K	10x	as long as short
MEXC LIT_USDT	+0.0092%	4h	4.7432	−0.246%	$5.6M	$4.1M	100x	as long as short
Binance LITUSDT	+0.0095%	4h	4.7425	−0.260%	$75.6M	$81.6M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7503	−0.097%	$59.7M	$30.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7488	−0.129%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7545	−0.009%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7489	−0.127%	$591K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7446	−0.217%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7353	−0.412%	$118K	$4K	10x	as long as short
Bitget LITUSDTshort	+0.0100%	4h	4.7480	−0.145%	$6.7M	$2.8M	20x
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7561	+0.025%	$675K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7460	−0.187%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7506	−0.090%	$449K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7525	−0.050%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7500	−0.103%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7503	−0.097%	$988	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7451	−0.206%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7436	−0.237%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7457	−0.193%	$148K	$44K	3x	as long as short
Aftermath Perps LITUSD	+0.0177%	1h	4.7509	−0.085%	$13K	$203K	10x	as long as short
Lighter RH LITlong	+0.0184%	1h	4.7549	long leg	$3.7M	$13.9M	5x
Hyperliquid LIT	+0.0213%	1h	4.7552	+0.006%	$213.2M	$44.9M	5x	as long as short
BloFin LIT-USDT	+0.0332%	4h	4.7457	−0.193%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0378% / S −0.0169%	1h	4.7521	−0.059%	$62K	—	50x	as long as short